Solana Spikes 4% As Report Signals Possible Green Light For ETF— Analyst Sets Approval Odds At 90%
Posted On June 11, 2025
The Securities and Exchange Commission asked for revised S-1 forms from potential issuers of Solana (CRYPTO: SOL) spot Exchange-Traded Funds, according to a report dated Tuesday.
What Happened: The SEC requested updated S-1 forms from prospective ETF issuers within the next week and told them that it will provide feedback within 30 days of the submission, Blockworks reported, citing sources familiar with the matter.
The SEC’s request specifically pertains to updates on language related to in-kind redemptions and the approach towards staking. The agency is receptive to the inclusion of staking as part of Solana ETFs.
According to the report, these updates could put Solana ETFs on pace …
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